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11 a 25 On June 1, Nour Company sells goods for 11800 to Ahmad Company, with terms of 2/10,n/30. The cost of goods sold is
11 a 25 On June 1, Nour Company sells goods for 11800 to Ahmad Company, with terms of 2/10,n/30. The cost of goods sold is 6000. On July 4. Ahmad return some of goods, the selling price of goods returned is 3000, with cost of 2000. 1 Nour use the periodic inventory system the entry or entries that must make on July 4 is: O Merchandise inventory. 2000 Cost of goods sold. 2000 O Sales returns and allowances 3000 Accounts receivable 3000 Sales returns and allowances 3000 Accounts receivable 3000 None of the above
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